Zacks Research Weighs in on Pool Co.’s Q3 2024 Earnings (NASDAQ:POOL)

Pool Co. (NASDAQ:POOL) – Equities researchers at Zacks Research decreased their Q3 2024 earnings per share estimates for shares of Pool in a research note issued to investors on Tuesday, August 13th. Zacks Research analyst R. Department now expects that the specialty retailer will post earnings of $3.28 per share for the quarter, down from their previous estimate of $3.84. The consensus estimate for Pool’s current full-year earnings is $10.95 per share. Zacks Research also issued estimates for Pool’s Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $11.11 EPS, Q2 2025 earnings at $5.64 EPS, Q3 2025 earnings at $3.60 EPS, Q4 2025 earnings at $1.11 EPS, FY2025 earnings at $12.26 EPS, Q1 2026 earnings at $1.96 EPS, Q2 2026 earnings at $5.73 EPS and FY2026 earnings at $12.68 EPS.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.89 earnings per share.

POOL has been the topic of several other research reports. Oppenheimer boosted their price objective on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Robert W. Baird boosted their price target on Pool from $305.00 to $377.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Loop Capital lowered their price objective on Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Finally, Stifel Nicolaus cut their target price on Pool from $360.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $347.22.

Pool Stock Down 0.5 %

NASDAQ:POOL opened at $345.28 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The firm’s 50-day moving average price is $334.86 and its 200-day moving average price is $365.52. The company has a market capitalization of $13.23 billion, a PE ratio of 27.02, a P/E/G ratio of 2.57 and a beta of 1.00. Pool has a 1-year low of $293.51 and a 1-year high of $422.73.

Hedge Funds Weigh In On Pool

Hedge funds have recently bought and sold shares of the business. Taylor Frigon Capital Management LLC lifted its holdings in shares of Pool by 0.8% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 3,544 shares of the specialty retailer’s stock valued at $1,089,000 after buying an additional 28 shares during the period. Wedmont Private Capital boosted its position in Pool by 5.4% in the first quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after purchasing an additional 30 shares during the last quarter. Czech National Bank grew its stake in shares of Pool by 0.4% during the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock valued at $2,746,000 after purchasing an additional 30 shares during the period. TIAA Trust National Association increased its position in shares of Pool by 4.2% during the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 30 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in shares of Pool by 1.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock worth $1,086,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.39%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.